Export-import set-off: why bank approval matters
The regulation allows the AD to permit set-off under its conditions, including specified relationships between overseas parties. The website cannot authorise a net settlement.
What to do
Prepare the export and import records, counterparties, currencies and proposed netting arrangement. Explain relationships between buyers and suppliers where relevant. Ask the AD to confirm whether the arrangement meets the regulation and its policy, and how both sides will be reported.
A company owing an overseas supplier cannot silently subtract that amount from an unrelated customer’s export invoice.
Avoid this mistake
Do not mark gross proceeds as realised merely because an internal ledger nets two balances.
Keep a clear record
Retain the underlying invoice or accepted statement, supporting correspondence and any acknowledgement from the designated authority or authorised-dealer bank. The tools here prepare information; only the appropriate authority can confirm acceptance, extension or closure.
Is this an official instruction from my bank?
No. This is independent educational guidance. Use the linked primary sources and ask your bank for its current process and written confirmation.
Can the website file my EDF?
No. Your inputs stay in your browser. Downloads are preparation documents and must be reviewed before use through an official channel.
Checked 8 October 2026. Regulation-based guidance; bank procedures can differ.
RBI · Export and Import of Goods and Services Regulations, 2026 — Primary regulation
Related reading
Why invoice amount and bank credit can differ